Tag Archives: OMV

ADNOC has a target to have production capacity of 3.5 million bpd by the end of this year.

The operator of the gas pipeline construction project is Nord Stream 2 AG company.

The Nord Stream 2 project company had intended to go to the market for external financing for up to 70% of the total cost this year.

The project has acquired full authorization for construction and operation from Germany. Finland and Sweden.

Some countries that are afraid of losing revenues from Russian gas transit. are opposed to Nord Stream 2.

Uniper will remain one of the financing partners of this project.

The Nord Stream 2 is facing fierce opposition from the United States.

The pipeline is expected to deliver 55 billion cubic meters of Russian natural gas per year to the European Union.

Adnoc began a wide-ranging shake-up in 2016 to tackle competition from new producers such as US shale firms.

The Nord Stream-2 pipeline is going to be 1.2 thousand km long. with capacity of 55 billion cubic meters of gas per year.